FX market

Linkage creates single point of access for SWIFT users to multiple FX CCPs  

MarkitSERV, the most widely used electronic trade processing service for OTC derivative transactions, today announced an agreement with SWIFT, the financial messaging provider for more than 10,000 financial institutions and corporations worldwide, to deliver trades - initially foreign exchange (FX) non-deliverable forward (NDF) transactions - from SWIFT to multiple FX central clearing counterparties (CCPs), via the innovative MarkitSERV FX clearing gateway.

Single point of connectivity to all FX CCPs now available

MarkitSERV, the most widely used electronic trade processing service for OTC derivative transactions, today unveiled its gateway for foreign exchange (FX) industry participants to route trades to central clearing counterparties (CCPs) worldwide.  From a single point of access, executing brokers, clearing brokers and buy-side firms can match, legally confirm and route OTC FX transactions to the CCPs of their choice. 

New service provides a reliable reference for FX Volatility

Tradition-ICAP, the world's leading voice broker and electronic platform for the trading of interdealer currency options, today announced the launch of its new daily Volatility Fixing service Vol-Fix. This service provides an independent and reliable market data reference point to help create a fully tradable asset class for trading volatility for the first time.

Digital Vega first trading platform on the service with support of FX Prime Brokers Citigroup and Morgan Stanley                                              

First Derivatives (AIM: FDP.L, IEX:GYQ.I), a leading provider of software and consulting services to global investment banks, brokers and hedge funds, today announces a partnership with Direct FX, an innovative new online foreign exchange trading company registered in Australia. 

Direct FX has selected FD’s Delta trading technology which provides superior price aggregation, distribution and deal execution supporting their global retail and institutional client base. 

Newedge Hires Andrew Roper as Director on the FX Sales Desk 

Newedge, a global leader in multi-asset brokerage and clearing, announced today the appointment of Andrew Roper as director on the foreign-exchange (FX) sales desk. In this role, he will be responsible for providing cross asset sales solutions, while supporting the existing client base and introducing related products to institutional clients. Mr. Roper will work from Newedge’s London office, reporting directly to Michael Bailey, Head of FX.

TwoFour, a specialist provider of global real-time financial software solutions and a trusted consultancy in capital markets and treasury, today announced that it has entered into a technology partnership with Logicscope, a leading provider of post-trade solutions to financial institutions that was acquired by MarkitSERV in September 2011. Together, TwoFour and Logicscope have created an interface that delivers enhanced FX post-trade solutions to mutual clients.

• New foreign exchange coverage and expanded coverage for interest rate products

 • Supports the latest Basel III, EMIR and Dodd-Frank regulatory initiatives

• Delivers risk reporting, data management and extendibility enhancements